Top 5 Performing Companies To Own In Right Now

Despite a few strong earnings reports today, the markets are muted today. Since the Federal Open Market Committee began its two-day meeting this morning, speculation over what the Fed plans to do with interest rates is tempering stocks' gains. My colleague Alex Dumortier noted a few items investors should be paying attention to over the next few days.

As investors struggle to decide whether they should be buying or selling today, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) is up a meager nine points, or 0.06%, at 1 p.m. EDT. The S&P 500 is slightly higher, up 0.17%. The NASDAQ on the other hand, is performing rather well, higher by 0.58%.

Let's take a look at a few of the components that are holding back the Dow today.

Despite having recently been upgraded by Longbow Research from "neutral" to "buy," shares of�Caterpillar (NYSE: CAT  ) are down 0.35% today. The main reason shares are falling today is the poor earnings report released by Cummins (NYSE: CMI  ) this morning. The company reported that sales dropped 19% in the company's engine and turbine unit. Cummins also blamed the poor results on weak oil, gas, and mining demand -- areas in which Caterpillar also operates.�

Top 5 Performing Companies To Own In Right Now: Diamondcore Ltd (BCD.TO)

Delrand Resources Limited engages in the acquisition, exploration, and development of diamond properties in the Democratic Republic of the Congo (DRC). The company has interests in the Tshikapa project comprising 9 exploration permits in the Tshikapa area in the Province of Kasai in southern DRC; and the DRC North project consisting of 46 exploration permits, of which the company holds 2 permits directly, and the balance permits through an option agreement with the holder of the permits. Its DRC North project is located in Province Orientale in northern DRC. Delrand Resources Limited also has a 25% interest in an iron ore project in the DRC. The company was formerly known as BRC DiamondCore Ltd. and changed its name to Delrand Resources Limited in June 2011. Delrand Resources Limited was incorporated in 1990 and is headquartered in Toronto, Canada.

Top 5 Performing Companies To Own In Right Now: St.ives(SIV.L)

St Ives plc provides marketing services, printed products, and display solutions to publishing, retail, and commercial markets in the United Kingdom. Its media products and services include monochrome hardback and paperback books for the trade and general, reference, and religious markets; and magazines and associated mailing services for consumer and business-to-business publishers. The company provides commercial products, such as personalized direct mail, mail order items, catalogues, brochures, and leaflets; company reports; point-of-sale printed products and services for retailers, multiple store chains, and international brand companies; exhibitions and events products, and installation and consultancy services to retail leisure and event sectors; and multimedia consisting of packaging, inserts, inlays and booklets, and special packaging for CDs and DVDs for the audio, video, computer games, and software markets. It also offers consultancy services, including data ma rketing, data management, data insight, and campaign management; business consultancy, market research, audits, compliance, and marketing insight; and IT consultancy services comprising online business solutions, asset management, online artwork, workflow, and management information technology. St Ives plc is based in London, the United Kingdom.

Top 10 Financial Companies To Invest In Right Now: Rocky Brands Inc.(RCKY)

Rocky Brands, Inc., together with its subsidiaries, designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Mossy Oak, and Michelin brand names. It offers footwear, apparel, and accessory items to hunting, fishing, camping, or hiking enthusiasts; footwear and apparel to industrial and construction workers, and workers in the hospitality industry, such as restaurants or hotels; footwear products to law enforcement, security personnel, and postal employees; and footwear products to military personnel, farmers, and ranchers. The company distributes its products through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and other specialty retailers in the United States and Canada. It also sells its products directly to consumers through its consumer and business Web sites; Lehigh Outfitters mobile and retail stores; and Rocky outlet store. In addition, the company sells footwear under the Rocky label to the U.S. military. Rocky Brands, Inc. was founded in 1932 and is headquartered in Nelsonville, Ohio.

Top 5 Performing Companies To Own In Right Now: Electrocomponents(ECM.L)

Electrocomponents plc distributes electronics and maintenance products to engineers in the United Kingdom, rest of continental Europe, North America, and the Asia Pacific. It offers electronics, electrical, industrial, and commercial supplies and services primarily under the RS brand, as well as under the Allied brand. The company sells its products through catalogues, trade counters, third party distributors, and ecommerce operations, as well as trading Web sites serving electronics and maintenance engineers. Electrocomponents plc was founded in 1937 and is based in Oxford, the United Kingdom.

Top 5 Performing Companies To Own In Right Now: Tesla Motors Inc.(TSLA)

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. It offers Tesla Roadster, an electric sports car. The company markets and sells its vehicles directly to consumers through the phone and Internet, as well as through its network of Tesla stores. It operates 18 Tesla stores located in Boulder, Chicago, Los Angeles, Menlo Park, Miami, New York, Newport Beach, San Jose, Seattle, Washington, D.C., Copenhagen, London, Milan, Monaco, Munich, Paris, Tokyo, and Zurich. The company was founded in 2003 and is headquartered in Palo Alto, California.

Advisors' Opinion:

• [By iStockAnalyst]

  Tesla Motors Inc., incorporated in 2003, designs, develops, manufactures and sells fully electric vehicles and electric vehicle powertrain components. The company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster has a battery pack capable of storing approximately 53 kilowatt-hours of usable energy. The Tesla Roadster has a range of 236 miles on a single charge. As of March 31, 2010, the company had sold 1,063 Tesla Roadsters to customers in 22 countries. It has also introduced a Roadster model, the Tesla Roadster 2 and the Roadster Sport, which accelerates from 0 to 60 miles per hour in 3.7 seconds.

  I prefer the stock as it is undervalued substantially. Market correction provides significant upside.

• [By Jonas Elmerraji]

  Nearest Support: $45
  
  Catalyst: Earnings Beat

  Shares of mid-cap electric car maker Tesla Motors (TSLA) are up almost 25% after the firm delivered better-than-expected numbers for the first quarter. The firm achieved its goal of earnings a profit for the quarter, bringing home 12 cents per share. That's triple what analysts expected the firm to make.

  The firm also posted a lifted sales outlook, expecting to deliver 21,000 Model S sedans for the full year. This stock is both technically and fundamentally very attractive right now, even if momentum has been a bit insane for the last month and change.

  Expect some consolidation after such a big run higher. That could be an opportunity to build a position in TSLA.